Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. genow.com/ilm/takeassignment/takeassignmentmain.do

genow.com/ilm/takeAssignment/takeAssignmentMain.dozinvoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator Job Costs At the end of August, Kaye Company...

50.1K

Verified Solution

Question

Accounting

image

genow.com/ilm/takeAssignment/takeAssignmentMain.dozinvoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator Job Costs At the end of August, Kaye Company had completed Jobs 40 and 42. Job 40 is for 500 units, and Job 42 is for 200 units. The following data relate to these two jobs: On August 4, raw materials were requisitioned for production as follows: 500 units for Job 40 at $18 per unit and 1,100 units for Job 42 at $10 per unit. During August, Kaye Company accumulated 400 hours of direct labor costs on Job 40 and 1,200 hours on Job 42. The total direct labor was incurred at a rate of $22 per direct labor hour for Job 40 and $14 per direct labor hour for Job 42. The predetermined factory overhead rate is $4.00 per direct labor hour. a. Determine the balance on the job cost sheets for Jobs 40 and 42 at the end of August. Job 40 Job 42 b. Determine the cost per unit for Jobs 40 and 42 at the end of August. If required, round your answers to the nearest cent. 10.00 Job 40 Job 42 Check My Work 2 more Check My Work uses remaining Previous o * a 0 OD ) 8:05 PM 5/20/2020 FI

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students